News

Consumers were more willing to spend money last month as retail sales increased 0.5%, the Commerce Department reported today.

Sales of existing homes rose by 13.9% in the last quarter of 2009 and were 27.2% higher than in the same period of 2008, according to data released by the National Association of Realtors.

Credit unions had $236.4 billion in outstanding consumer credit in December, down from the revised figure of $237 billion in November, according to data released by the Federal Reserve.

The Wisconsin Credit Union House, patterned after its Washington counterpart, will get its first major political tryout in two weeks.

Suncoast for Kids Foundation, funded by Suncoast Schools Federal Credit Union, recently awarded a $30,000 grant to a hospice program for infants, children and adolescents.

The travails of small credit unions recruiting available CEO talent at reasonable cost is being underscored this week in a New Mexico merger involving the $101 million Animas CU consolidating the struggling $5 million Totah CU, both of Farmington.